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£495,000
Bedrooms
Bathrooms
This amazing property is a real hidden gem in Rutland, set back from the Oakham Road behind a large frontage. It offers truly versatile accommodation, including four bedrooms and two bathrooms, with one of each of these located on the ground floor. There is also an excellent size lounge with a log burner that opens into the conservatory to which the current owners have added an insulated roof so that it can be enjoyed all year round. The high specification kitchen/dining room is fantastic space for anyone who enjoys a spot of cooking or just an excellent place for the family to gather at mealtimes or entertaining friends. There is also the added benefit of a utility room accessed via the kitchen.Outside is a generous driveway providing parking for at least two vehicles and there is the option to add more spaces by developing the frontage and opening it up further into the current shrubbery area. There is also a double garage that has a boarded loft for storage. This is great in its current format, but the option is available to convert it into extra living space, if required.The secluded and well-established rear garden is a lovely area to soak up the sunshine or to have friends over to enjoy a barbeque.The village has many excellent local amenities including two well regarded pubs/eateries and Greetham Valley Golf Club. There are also great schools within this catchment area plus good access to the A1 and the market towns of Oakham and Stamford.This style of property is rarely available in such a desirable part of Rutland, so early viewing is recommended.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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